Goodday and sons is being acquired by baker inc for 18000, Financial Management

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Goodday and sons is being acquired by baker inc for 18000

Goodday and sons is being acquired by baker inc. for $18,000 worth of baker stock. baker has 1200 share of stock outstanding at a price of $20 a share. Goodday has 1000 shares outstanding with a market value of $16 a share. the incremental value of the acquisition is $2000 . how many new shares of stock will be issued to complete this acquisition?

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Financial Management: Goodday and sons is being acquired by baker inc for 18000

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